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Tech & Sourcing @ Morgan Lewis

TECHNOLOGY, OUTSOURCING, AND COMMERCIAL TRANSACTIONS
NEWS FOR LAWYERS AND SOURCING PROFESSIONALS

CFPB Downloads an Enforcement Action on a Payment Provider for Data Security Issues, a recent post on All Things FInReg, the blog written by Morgan Lewis’s financial regulation team, highlights the the Consumer Financial Protection Bureau’s (CFPB’s) heightened attention on data security representations made by online businesses. The post focuses on a recent CFPB action taken against an online payment provider over deceptive data security practices. In the action, the CFPB alleges that an online payment provider misled consumers about its network security, credit card protections, and encryption practices. Head over to All Things FinReg to read up on this and more.